Carl Icahn

Frontrunning: February 22

  • Euro Slips, Bonds Gain as Investors Turn Cautious (BBG)
  • Fed Minutes Could Offer Hints on Timing of Rate Rises, Balance Sheet Moves (WSJ)
  • Trump's new security advisor differs from him on Russia, other key issues (Reuters)
  • Tillerson, Kelly Head to Mexico for Talks Amid Diplomatic Tensions (WSJ)
  • Why Trump’s Immigration Crackdown Could Sink U.S. Home Prices (BBG)

Carlson Capital: Border Adjustment Tax Would Lead To "Global Depression"

"If the border adjustment mechanism is implemented as proposed we think it will cause a global depression and a major equity market decline. It is still unclear whether it will happen but at the very least we expect that US trade policy will put downward pressure on global growth. When this becomes apparent commodities will correct meaningfully and we will reinvest in inflation beneficiaries."

Frontrunning: December 22

  • Fingerprints of Tunisian suspect in Berlin attack found on truck door (Reuters)
  • Germany Ill-Prepared for Terror Fight, Critics Say (WSJ)
  • Monte Paschi Will Need a Huge State Rescue (BBG)
  • Trump denounces attack, vows tough immigration plan (AP)
  • Trump’s New Appointments Shake Up Trade, Regulation (WSJ)

Wall Street Reacts To Steve Mnuchin Choice For Treasury Secretary

Following the news that Steve Mnuchin would be US Trasury Secretary, Wall Street analysts offered mixed predictions on which policies Donald Trump’s choice for Treasury secretary may pursue, as they have little to go on other than Mnuchin’s background with Goldman, buying/selling the former Indy Mac.